Trust
Risks
Read this before you launch or buy.
- Stock token prices can fall. Launched tokens can go to zero. BLEND can lose value.
- Smart contracts can contain bugs. Blockchain transactions are irreversible.
- The issuer of an xStock can pause it, seize it and freeze it. Those are three separate powers and all three are live on chain today: pausableConfig lets Backed halt every transfer of that stock; permanentDelegate lets them move tokens out of any account, including a Meteora pool vault, without the owner’s signature; freezeAuthority lets them freeze one account on its own. If any of the three is used, trading on every pool paired with that stock stops or loses value, and Blend cannot override it.
- The same mints carry a transferHook authority with no program set today. If the issuer ever points it at a program, every transfer starts calling that program, and pools have to live with whatever it does.
- xStocks carry a scaled-UI-amount extension: the issuer raises a multiplier to reflect dividends and splits. Raw balances never change; displayed balances and USD values do. NFLXx sits at 10.0 after a split. Every dollar figure on this site goes through that multiplier.
- Each pool can pay sellers only the stock it holds. A large sale into a thin pool is refused or partially filled. Selling across all pools reduces this but does not remove it.
- The pools of one launch can drift apart. Buying through Blend keeps them aligned; buying a single pool elsewhere does not.
- A creator who bought a large share at launch can sell it. The token page shows the creator’s holding; look at it.
- Third-party infrastructure (Solana, Meteora, Jupiter, Backed) can become unavailable.